MARCH 2024

Momentum

Join the live webinar, Balancing Your Financial and Emotional Wellbeing, on March 13, 2024 

at 1:00 p.m. CT. Learn how to handle money challenges like inflation, household expenses 

and debt. Scan the QR code to register now.

Financial and emotional wellbeing 

Did you know that more than 40% of American adults say that money negatively affects their mental 

health—leading to stress, anxiety and feelings of insecurity? It’s clear that money challenges and emotions 

are closely linked. 

Here are some tips to help you improve your financial and emotional wellbeing.

• Set positive goals. Write down where you want to be 

with finances in one month, six months, a year and 

even five years.

• Use a budget tracker. Monitor your spending habits 

and identify unnecessary expenses.

• Make a plan. Work to have one month worth of 

expenses banked for emergencies by a specific date.

• Seek help. Your program offers a Money Coach who 

can help you develop a stress-relieving debt reduction 

strategy.

Financial wellbeing*

Financial concerns can be confusing and overwhelming. To help get your finances on 

track, you can take advantage of an experienced, certified Money Coach who provides 

personalized financial coaching support over the phone. You can also access online 

resources such as financial assessments, budgeting software and on-demand courses. Visit 

your member website to learn more.

*If available through your program.

Contact your Employee Assistance Program at 1-866-580-9046 (TTY 711) or go online to

MagellanAscend.com for confidential, no cost help available 24/7/365 for you and your household

members.
B-MN0324E (1/24) ©2024 Magellan Health, Inc.

Working on Wellbeing

Financial wellbeing

Being financially well generally means having control over your finances, being prepared for financial emergencies, 

meeting your savings and retirement goals, and being able to make choices that allow you to live your life to the fullest. 

To make progress, learn to live within your budget. Pay down your highest-interest-rate debts first. Set up automatic 

deposits from your earnings to savings and emergency accounts. Maximize contribution amounts to your 401K.

Mind Your Mental Health

March 18 – 24 is National Drug and Alcohol Facts Week® 

Observed during the third full week of March, National Drug and Alcohol Facts Week is meant to inspire 

dialogue about the science of drug use and addiction among Americans, particularly youth. Seventy percent 

of users who try an illegal drug before age 13 develop a substance misuse condition within the next seven 

years, compared to 27% of those who try an illegal drug after age 17.

Efforts to prevent teen substance misuse should start early in life. To help prevent substance misuse:

• Keep your teen busy with meaningful activities, such as sports or other group activities.

• Expect your teen to follow household rules. 

• Keep talking with your teen. Praise your teen for success.

Visit MagellanHealthcare.com/about/bh-resources/mymh or call your program for confidential mental 

health resources.

Sources: Securian.com, CNBC.com, Real Simple, Healthwise, Investopedia, State Farm, Consumer Financial 

Protection Bureau.

Sources: National Center for Drug Abuse Statistics (NCDA), Substance Abuse and Mental Health Services Administration (SAMHSA), Centers for Disease 

Control and Prevention (CDC).

Money Matters

March 2024 financial webinars

Women & Money

March 12th. Register here: 11 a.m. CT | 2 p.m. CT

Women often face unique financial challenges. This 

online event covers personal finance basics, focusing on 

strategies that are relevant for women. It also reviews 

planning for life events like starting a family and juggling 

multiple financial goals. Whether you’re just starting your 

financial journey or looking to take your financial skills to 

the next level, join this event for the tools and confidence 

to move forward.

Unlocking the Power of Your Credit

March 28th. Register here: 11 a.m. CT | 2 p.m. CT

Credit plays a vital role in achieving financial health, 

yet many people struggle to understand and effectively 

manage their credit. This informative and engaging session 

will dive into the fundamentals of credit, including how 

it works, how to establish and maintain good credit and 

common mistakes to avoid.